HB06930: An Act Concerning The Social Equity Council's Recommendations Regarding Social Equity Plans, Strategic Planning, Ethics, License Renewal Fees And Financial Assistance Applications.

Legislative Summary

To provide that (1) each cannabis establishment shall maintain an active social equity plan and submit an annual report regarding such plan, (2) the Social Equity Council shall (A) review social equity plans, (B) develop a strategic plan, and (C) adopt a code of ethics, (3) council members and staff shall complete an annual ethics training course, (4) a cannabis establishment licensee shall not be entitled to pay a reduced license renewal fee if (A) the license is sold, or there is a change in the ownership or control of the licensee, during the three-year period following issuance of a final license, and (B) such sale or change in ownership or control is made to anyone other than a social equity applicant, and (5) the Department of Economic and Community Development and the council shall approve or deny an application for financial assistance within one hundred twenty days.